Attention Bias in AI-Driven Investing

Other recent work documents systematic biases in LLM-based financial analysis, including foreign bias in cross-border predictions (Cao, Wang, and Xiang, 2025) and sector and size biases in investment recommendations (Choi, Lopez-Lira, and Lee, 2025). Building on this emerging literature, four potential channels are especially relevant for investment practitioners: 1. Size bias: Large firms receive more analyst coverage and media attention, therefore LLMs have more textual information about them, which can translate into more confident and often more optimistic forecasts. Smaller firms, by contrast, may be treated conservatively simply because less information exists in the training data. 2. Sector bias: Technology and financial stocks dominate business news and online discussions. If AI models internalize this optimism, they may systematically assign higher expected returns or more favorable recommendations to these sectors, regardless of valuation or cycle risk. 3. Volume bias: Highly liquid stocks generate more trading commentary, news flow, and price discussion. AI models may implicitly prefer these names because they appear more frequently in training data. 4. Attention bias: Stocks with strong social media presence or high search activity tend to attract disproportionate investor attention. AI models trained on internet content may inherit this hype effect, reinforcing popularity rather than fundamentals. These biases matter because they can distort both idea generation and risk allocation. If AI tools overweight familiar names, investors may unknowingly reduce diversification and overlook under-researched opportunities. source

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Bobby's Burgers' KL opening: Why influencer F&B's are fast becoming a trend

Bobby’s Burgers, the burger joint sensation with four locations in Indonesia, has officially landed in Malaysia, opening its first international outlet at The Exchange TRX in Kuala Lumpur, which officially launched on 26 March, yesterday. Serving wagyu smash burgers, fries and fried chicken cooked in 100% beef tallow, the brand also leans into occasional indulgence with limited-edition toppings such as caviar or foie gras. But who’s behind Bobby’s Burgers? The brand is the brainchild of content creator Ben Sumadiwiria (@supercoolben), best known for his comedic persona Bobby Saputra, an Indonesian “billionaire” and fictional heir to a bottled water empire. If you’ve come across his content, you’d know the drill, Lamborghinis, Ferraris, caviar on everything, and a wardrobe of luxury watches, all delivered with tongue firmly in cheek. What started as satire poking fun at ultra-wealthy lifestyles has since evolved into something much bigger, a full-fledged F&B business. Aptly named Bobby’s Burgers, the brand leans heavily into the character, using Bobby as its ambassador, complete with catchphrases such as “99 China points” and “Eat like a billionaire”. Even the details are on-brand, from takeaway bags reading “The burger you brag about” to gold-lined burger boxes and staff aprons stamped with “Life so hard, this bite’s easy”. On selected days, Bobby himself even shows up for fan meet-and-greets in full character. Don’t miss: YouTuber Uncle Roger to open his first restaurant in Malaysia  It’s a model that’s becoming increasingly familiar. We’ve seen Nigel Ng turn his viral persona into Fuiyoh! It’s Uncle Roger, a fried rice chain built around the “Haiyah”-spouting uncle character. However, while the concept drew crowds early on, the brand recently shuttered its IPC outlet, with the team admitting it had expanded “too quickly” to capitalise on initial momentum. It has since shifted towards a leaner operation, even as Ng looks to open a new concept, Kawan, in London. Across the causeway in Singapore, rapper Yung Raja has been running his Indian-Mexican fusion cafe The Maha Co, located at Fusionopolis Link, successfully for the past four years. At the time, Yung Raja told MARKETING-INTERACTIVE that his venture into F&B with his partner Quan came from his love for food and how it brings people together. “It’s always been a dream of mine to have a space to catch a vibe at. A place to chill with family and friends- a place that’s an extension of me,” he said. Over the past few years, influencer monetisation has clearly moved beyond merchandise drops and brand deals into full-scale businesses. More recently, we’re seeing a new layer to that evolution, where creators are building F&B brands not just around themselves, but around distinct on-screen personas, from Uncle Roger to Bobby Saputra. At the same time, others such as Malaysian food content creator Khairul Aming and British influencer collective The Sidemen have found success with ventures rooted in their real-life identities. A not-so-coincidental shift This shift is no coincidence. The creator economy today offers far more ways to turn influence into business. MARKETING-INTERACTIVE spoke to industry professionals in the content creator and influencer space, to dig deeper. As Karl Mak, co-founder and CEO of HEPMIL Media Group, explained, “The way influencers monetise their audiences has evolved significantly over the past five years. Beyond sponsorships, creators can now activate their communities through live commerce, affiliate sales, merchandise, and increasingly, their own entrepreneurial ventures in categories like F&B.” F&B, in particular, stands out because it brings something tangible into the mix. “It allows creators to translate their personal brand, taste, community, and even content into something audiences can experience and buy into,” Mak added. More importantly, audiences themselves have changed. “They are no longer just passive viewers.” Audiences are increasingly willing to spend to support creators they feel connected to. Similarly, Lee Li Ping, director of strategic partnerships at Gushcloud International, points to a broader cultural shift. “We’re seeing a move toward identity-led branding. Consumers are gravitating to brands that resonate with them on deeper cultural and personal levels,” she said. Food is no longer just functional, it’s a form of self-expression and belonging. The challenge of lasting beyond novelty However, while persona-led brands may be great at grabbing attention, the real question is whether they can last. According to Shermaine Wong, co-founder and CEO of Cult Creative, personas are powerful, but only to a point. “Personas are rocket fuel for launch. Authentic identity is what keeps the engine running,” she said. “A fictional character is an incredible acquisition machine. But a character doesn’t evolve the way a real person does. When the cultural moment shifts, and it always does, you lose your narrative engine. You’re essentially running a theme park. And theme parks need constant reinvestment just to stay relevant.” Wong explained further, that the ones who fail are the ones who believe the character is the business. “It’s not. It’s the marketing budget.” Mak echoed this, noting that while creators may enjoy a strong head start, “sustaining a long-term business requires much more than initial hype, consumers may be drawn in by the personality, but they will only return if the product genuinely delivers.” He added, “Ultimately, the brands that move beyond hype are the ones that turn creator influence into genuine consumer trust and product relevance. Feastables by MrBeast is a strong example of the scale this model can unlock when audience connection is paired with disciplined brand-building and mass-market appeal.” Meanwhile, Lee said that ultimately, the fundamentals still apply. “Creators can use fame as a springboard for attention, but fundamentals don’t change, strong product, clear positioning, and solid execution.” And in the F&B space, those fundamentals matter even more. As Wong pointed out, creator fame can drive footfall, but it can also mask deeper issues. Fame gets you the line outside the door. Everything after that is just business. Wong pointed to Uncle Roger as a case where early hype didn’t necessarily translate into repeat visits. “That’s not a content problem. That’s a product problem.” Operational discipline is equally critical. “F&B is unforgiving. Location decisions, lease

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AI chatbots are getting 'aggressively' data hungry

Popular AI chatbot apps – including Meta AI, Google Gemini, and ChatGPT – collect a wide range of user information such as contact details, search and browsing history, and other user content. Meanwhile, 70% of popular AI chatbots now collect user location data, up from 40% last year, according to an analysis by Surfshark. Surfshark identified the 10 most popular AI chatbots and analysed their privacy details on the Apple App Store. The comparison was based on how many types of data each app collects, whether any data is linked to users, and whether the app includes third-party advertisers. Surfshark also reviewed the privacy policies of DeepSeek and ChatGPT to better understand what data is retained on servers and for how long. According to the analysis, Meta AI continues to collect the most user data among the apps examined, gathering 33 out of 35 possible data types—nearly 95% of the total. It remains the only app that collects data in the financial information category. Meta AI, alongside Google Gemini, also collects sensitive information, which includes racial or ethnic data, sexual orientation, pregnancy or childbirth information, disability, religious or philosophical beliefs, trade union membership, political opinion, genetic information, and biometric data. Google Gemini collects 23 out of 35 possible data types. Gemini also collects a significant amount of data across various other categories, such as users’ names, email addresses, phone numbers, amongst others, user content, contacts, search history, browsing history, precise location, and several other types of data. This extensive data collection may be seen as excessive and intrusive by those concerned about data privacy and security. According to the Apple App Store, ChatGPT may now collect 17 out of 35 data types, according to the developers. This represents a 70% increase from the 10 data types identified in last year’s AI chatbots review, indicating a notable broadening in the extent of user data collection. The additional data types now collected include coarse location, health and fitness, search history, audio data, advertising data, and customer support. Most of the data types collected by ChatGPT (14) are intended for app functionality. However, the user information may also be used for other purposes, including analytics (7), product personalisation (4), developers’ advertising or marketing (3), and third-party advertising (2). Notably, health and fitness data, as well as advertising data, are not required for app functionality. Claude, the fourth most data-hungry chatbot, collects 13 out of 35 data types, each of which is crucial for app functionality. These data types support activities such as authenticating users, enabling features, preventing fraud, implementing security measures, maintaining server uptime, reducing app crashes, improving scalability and performance, and delivering customer support. However, many of the data types collected by Claude may also be used for other purposes, such as analytics and developers’ advertising or marketing, indicating a fairly extensive exploitation of user data. This includes data such as user coarse location or content such as photos or videos.  DeepSeek is the fifth-hungriest chatbot and collects 13 unique types of data, including user input, chat history, and claims to retain information for as long as necessary, storing it on servers located in China.  Unlike other AI chatbots which operate under US federal law and collaborate with regulatory bodies, DeepSeek is not subject to comparable legal frameworks such as General Data Protection Regulation (GDPR), according to Tomas Stamulis, chief security officer at Surfshark, adding that this lack of oversight further increases concerns about accountability and data protection. “Chatbots are becoming increasingly aggressive with user data. Our research shows that 70% of popular AI apps now collect location data, a sharp rise from just 40% last year. This surge in data hunger is also evident in platforms such as ChatGPT, which recently increased its collection by 70% to include everything from health and fitness metrics to search history and audio data,” explained Stamulis. “Unlike traditional search engines, these bots now handle highly sensitive uploads such as tax documents and medical records, which can be shared across massive third-party networks for targeted ads. To protect your privacy, you must treat every prompt as a public record: audit your settings, disable chat history, and never share what you wouldn’t want to be publicly known,” he added.  Mark your calendars for 24 June! #Content360 Hong Kong returns with a dynamic, one-day event dedicated to pivotal trends—from the silver economies to breakthrough IP collaborations, sports, and beyond. Let’s dive into the art of curating content with creativity, critical thinking and confidence! Related articles: The end of the blank page: What Google Gemini in HK means for marketersChatGPT’s parent company OpenAI to open SG office amidst regional expansion source

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WPP elevates Japan CEO to lead Creative APAC

WPP has appointed its Japan chief executive officer (CEO), Kyoko Matsushita (pictured), as the new CEO of WPP Creative APAC. Known for her eight-year stint at Essence as global and APAC CEO under WPP, Matsushita most recently served as CEO of the network’s Japan portfolio for nearly four years, a role she took on in 2022. In a statement to MARKETING-INTERACTIVE, WPP said it is “creating a lean regional leadership team to develop the WPP Creative operating model.” “This model will support our creative, design, and PR agencies, including VML, Ogilvy, Burson, AKQA, Landor, Design Bridge & Partners, and others. The goal of the model is to enhance collaboration, expand capabilities, and make it easier for our clients to access our extensive talent through our iconic agencies,” added WPP.  Don’t miss: Agency Agenda: Outgoing WPP Media SG and MY CEO Arshan Saha on navigating change and transformation Announcing her elevation on LinkedIn, Matsushita said the new role sits at the intersection of technology, creativity and culture. “It feels like a culmination of my career and I look forward to working with talented teams across these agencies to reimagine growth and become the most trusted partner for our clients,” she said. She added that her journey has been shaped by diverse experiences across brand, communications, technology, creative and media agencies. “Having lived and worked across Europe, the US, and now APAC, I’ve gained a deep appreciation for global markets and varied perspectives. These experiences have fueled my passion for pushing boundaries, championing data, technology, and most importantly, our incredible talent,” Matsushita said. According to her, innovation and fostering diverse, inclusive environments have been central to her leadership. “Now, I’m excited to take on this new challenge across the dynamic and vibrant Asia Pacific region,” she added. “APAC is a hotbed of creativity and potential, and my varied global and industry experiences only reinforce my belief in the immense possibilities here.” Prior to joining WPP, Matsushita led GREE International’s mobile game studio in London, and held roles at Electronic Arts (EA) as a senior APAC and EMEA marketing manager, as well as at Sony and Leo Burnett. Matsushita will continue to be based in Tokyo, Japan. MARKETING-INTERACTIVE has reached out to WPP for more information.  A month ago, WPP appointed Jon Cook, longtime global CEO of VML, as global CEO of WPP Creative. The appointments come as WPP rolls out a single umbrella structure for its agencies, including VML, Ogilvy, Burson, AKQA, Landor, Design Bridge and Partners and more. In announcing the structure, Cook said, “These agencies will remain distinct and powerful in their own right, and we’re finding new ways to bring them closer together, unlocking even greater collaboration and creativity to drive transformation and growth for our clients.” Earlier this year, WPP also launched WPP Production, a global content powerhouse aimed at helping clients reimagine growth through production, generative AI and cinematic storytelling. The move brings together WPP’s production capabilities, including Hogarth, into a single platform designed to deliver speed, scale and creativity. Richard Glasson, global CEO of Hogarth, has been appointed to lead the new division as global CEO. WPP describes the unit as the world’s largest and most advanced content production operation, with nearly 10,000 people across more than 40 cities. Be part of #Content360 Singapore, 22–23 April 2026, where creativity and culture collide. Explore how AI-driven storytelling is shaping the future of content, gain practical insights, discover new tactics, and learn how the best in Asia are creating campaigns that truly resonate.  Related articles: WPP Media names new China CEO as Rupert McPetrie steps down Kantar Media names former WPP CEO Mark Read as chairman Havas CEO Yannick Bolloré shuts down WPP deal rumours source

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Dow Jones Futures: Trump's Iran Comments Spark Stock Market Rally; Micron, Nvidia, Palantir, Tesla Are Big Movers

Futures for the Dow Jones Industrial Average and other major stock indexes traded lower ahead of Tuesday’s open. The stock market rebounded Monday after President Donald Trump postponed his Strait of Hormuz deadline, citing “productive” Iran war talks. Meanwhile, Micron Technology (MU), Nvidia (NVDA), Palantir Technologies (PLTR) and Tesla (TSLA) were key movers Monday. Micron shares sold off an additional… source

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When Analytical Tools Scale, First-Order Information Differentiates

Cognitive abilities describe how humans collect, process, and interpret information such as attention, memory, pattern recognition, logical reasoning, and quantitative analysis. Non-cognitive abilities include traits such as motivation, perseverance, communication, ethical judgment, and the capacity to act under uncertainty. The framework below categorizes these capabilities across two dimensions: cognitive versus non-cognitive, and basic versus advanced. Basic cognitive capabilities (QIII: third quadrant), such as memorization, structured record-keeping, and routine calculation, have long been automated. Their automation marked the first wave of technological compression. Advanced cognitive capabilities (QII), including high-dimensional modeling, statistical inference, and complex analytical verification, are increasingly within the reach of AI systems. As these tools scale across firms, analytical differentiation narrows. By contrast, advanced non-cognitive capabilities (QI), such as setting goals under uncertainty, exercising ethical judgment, and creating or obtaining first-order information, remain less amenable to standardization. These capabilities influence how organizations interpret ambiguous signals, coordinate decisions, and allocate capital when data is incomplete. The implication is organizational rather than purely technical. When analytical tools become widely accessible, sustainable advantage depends less on computational sophistication and more on how firms structure teams, cultivate judgment, and design decision processes that integrate technology with human insight. source

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ESG Ratings, ESG News Sentiment, and Firm Credit Risk Perception

Fangfang Wang, Florina Silaghi, Steven Ongena, and Miguel García-Cestona CDS spreads rise sharply after ESG downgrades — most notably within the social pillar and among financially constrained firms — while upgrades show little effect. Positive ESG sentiment and transparency can mitigate these adverse credit impacts. source

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How Lau Pa Sat transformed a CNY zodiac carousel into a Raya showcase

Lau Pa Sat is marking the Hari Raya season with a refreshed festive installation, repurposing its earlier Chinese New Year display into a culturally themed experience aimed at education and engagement. Running from 3 March to 1 April, the installation transforms the venue’s zodiac reading carousel into a Hari Raya showcase, featuring 12 educational touchpoints that explore the significance of Ramadan and the traditions of the Muslim community. At the centre of the carousel are familiar festive symbols such as the ketupat (‘rice cake’) and wau (‘traditional kite’), alongside elements including a mosque, crescent moon and Ramadan lantern. The installation is decked in shades of green and batik-inspired motifs, reflecting both the festive palette and the heritage of the historic market. Don’t miss: 13 Raya packets that brought more than just duit this 2026 According to Pauline Png, director and head of customer innovation and marketing, food services at FairPrice Group, the initiative builds on the venue’s ongoing efforts to celebrate Singapore’s multicultural calendar. “This year, Lau Pa Sat has made the campaign more holistic with the dedicated Hari Raya-themed interactive installation and more promotions,” she said. “With Hari Raya being an important festive period for many Singaporeans, the team saw an opportunity to highlight its traditions and significance, while welcoming visitors of all backgrounds to learn more about the celebration.” The decision to repurpose an existing installation was also intentional. Png said the approach allowed the team to extend the lifespan of the earlier setup while adapting it for another major cultural occasion, reflecting a more sustainable way of creating seasonal experiences. Beyond aesthetics, the installation places emphasis on education. Its 12 touchpoints are designed to guide visitors through the spiritual meaning of Ramadan, festive preparations, and key traditions observed during Hari Raya. Png added that the team conducted research and sought feedback from those who celebrate the festival to ensure the display is both respectful and representative. As a National Monument and popular food destination, Lau Pa Sat also positions its seasonal activations as a way to connect visitors with Singapore’s cultural diversity. “Seasonal installations such as this create opportunities for visitors to learn about different cultural traditions, while also offering a photo-worthy experience for both locals and tourists,” Png said. To complement the installation, visitors who spend a minimum of SG$10 can redeem complimentary photo booth sessions featuring Hari Raya-themed frames inspired by the display. F&B promotions are also in place during the period, including festive drinks, Hari Raya cookies from local brands, and deals across selected stalls. The market is home to more than 20 halal-certified and Muslim-owned stalls, alongside its well-known satay (‘skewered grilled meat’) street offering. The activation comes as brands and organisations across Singapore roll out campaigns centred on togetherness and cultural reflection during the festive period. Ministry of Digital Development and Information’s gov.sg recently launched a Hari Raya film titled “Kisah musim Raya” (“A Raya tale”), created with DSTNCT, which follows a young girl distracted by her phone during festive preparations. Directed by Juffrie Juma’at and starring Nur Sabrina Nasir, the film underscores the importance of being present with loved ones, culminating in a reminder to treasure shared moments and traditions. Meanwhile, Mediacorp refreshed its Hari Raya anthem with “Ini baru Raya! 2.0” (‘Now, this is Raya! 2.0′), a lively campaign blending rap, choral elements and vibrant visuals. Featuring talents such as omarKENOBI and Izat Ibrahim, alongside a cast of local artistes and personalities, the music video centres on a couple whose disrupted homecoming plans give way to a celebration with family, reinforcing themes of resilience, joy and togetherness. Be part of #Content360 Singapore, 22–23 April 2026, where creativity and culture collide. Explore how AI-driven storytelling is shaping the future of content, gain practical insights, discover new tactics, and learn how the best in Asia are creating campaigns that truly resonate.  Related articles: 11 Raya campaigns that hit the right notes in 2026  How Yeo’s is bringing café-style pandan home this Raya  Can a Raya anthem sell flights? AirAsia taps Siti Nurhaliza for festive MV source

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